Blog
Unit 1 Micro: The Price of a Pizza in Brazil
8th August 2012
Have a guess at the price tag (measured in US dollars) of a large margarita pizza in the comfortable middle-class environment of San Paulo in Brazil? Would you expect it to be less or more expensive than say a home delivered pizza to your house from leading UK business Dominos?
The answer may come as something of a surprise - expect to pay between $35 and $40 for a restaurant pizza! Watch the video to consider some of the factors that make the cost of living in some Brazilian cities amongst the most expensive in the world.
Geoff Riley
Geoff Riley FRSA has been teaching Economics for over thirty years. He has over twenty years experience as Head of Economics at leading schools. He writes extensively and is a contributor and presenter on CPD conferences in the UK and overseas.